The slump in iron ore prices has helped China's largest steel firms post their best annual profits in almost three years reports China Business News.
According to the report, medium and large sized steel mills achieved a combined profit of 30.4 billion yuan last year, according to figures released by the China Iron and Steel Association (CISA) yesterday.
This was an 8.75 billion yuan increase on the profits posted in 2013, a more than 40 per cent improvement year on year.
Source: Business inspector
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